Daily Current Affairs Quiz – 24th Sep 2024

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 24th Sep 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) Recently,India’s financial industry is dominated by huge government-owned and private-sector banks such as State Bank of India (SBI), HDFC Bank, and which bank?

(a) Canara bank

(b) ICICI bank

(d) Karnataka bank

(e) Federal bank

2) Which public sector bank wants to raise up to ₹3,000 crore through infrastructure bonds as a cost-effective solution despite increased competition for deposits?

(a) Punjab & National bank

(b) Canara bank

(d) Bank of Maharashtra

(e) Bank of India

3) Which bank has made Jan-Dhan accounts a major performance area for its personnel, seeking to mobilize ₹14,000 crore by FY25 with existing deposits of ₹11,000 crore?

(a) Punjab & National bank

(b) Canara bank

(d) Bank of Maharashtra

(e) Bank of India

4) Which nation was recommended by the Asian Development Bank (ADB) to use India’s ULLAS (Understanding of Lifelong Learning for All in Society) program in order to fix its broken educational system and give its people access to high-quality training?

(a) China

(b) Bangladesh

(d) Myanmmar

(e) Srilanka

5) Which bank took home the Rajbhasha Kirti Pratham Puraskar in the Official Language Implementation category for 2023–24 for the second year running?

(a) Punjab & National bank

(b) Canara bank

(d) Bank of Maharashtra

(e) Indian Overseas bank

6) Recently, Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, introduced the National Pension System Vatsalya (NPS Vatsalya) program as a part of the Union Budget 2024–25. What is the monthly minimum investment, with no maximum limit, in rupees?

(a) Rs.500

(b) Rs.1000

(d) Rs.2000

(e) Rs.2500

7) In order to better monitor and comprehend the trends in workforce formalization, the Union Labour Ministry plans to combine the databases of the Employees Provident Fund Organization (EPFO) with the e-Shram site. How many central plans have been incorporated up to this point?

(a) 5

(b) 6

(d) 8

(e) 10

8) How much money was announced by Prime Minister Narendra Modi as part of the Quad Cancer Moonshot event as an assistance package for vaccinations, detection kits, and sample kits to help nations combat cervical cancer?

(a) $5.5 million

(b) $6.5 million

(d) $8.5 million

(e) $4.5 million

9) With the goal of building a number of ring roads, the Mumbai Metropolitan Region Development Authority (MMRDA) has launched a project for how much crore that would improve Mumbai’s road network?

(a) Rs.55000crore

(b) Rs.58000crore

(d) Rs.50000crore

(e) Rs.51000crore

10) The Environment Ministry reported that the Cabinet has authorized a major animal conservation program that is supported centrally during the meeting. 55 tiger reserves, 33 elephant reserves, and how many other protected areas are the targets of the project?

(a) 715

(b) 716

(d) 712

(e) 720

11) What percentage growth rate is expected for India’s economy in FY25, with room to exceed this forecast, according to a top Ministry of Statistics and Programme Implementation (MoSPI) official?

(a) 7.1%

(b) 7.2%

(d) 7.5%

(e) 7.6%

12) Which city hosted the virtual opening of the CREATE facility by Union Minister for MSME, Shri Jitan Ram Manjhi?

(a) Leh

(b) Kolkata

(d) Ranchi

(e) Jaipur

13) The winner of the Sri Lankan presidential election was Anura Kumara Dissanayake, the leader of the Marxist Janatha Vimukthi Peramuna (JVP) and National People’s Power (NPP). He is the ___________ president of Sri Lanka.

(a) 7th

(b) 8th

(d) 10th

(e) 12th

14) According to the report, the Power Grid Corporation of India Limited receives High-Altitude Sustenance Technologies from Defence Research and Development Organization. At a height of ________________ feet is the Pang-Kaithal HVDC Project.

(a) 15720

(b) 15760

(d) 15750

(e) 15780

15) The recently found asteroid 2024 _________- will circle Earth from September 29 to November 25, 2024, when it is momentarily drawn in by Earth’s gravity.

(a) PT3

(b) PT4

(d) PT6

(e) PT2

16) Which city hosted the 23rd Edition of the Asia Pacific HRMC Awards 2024, where DIG Subrato Ghosh (ICG Retd.), Director (Personnel) of Garden Reach Shipbuilders & Engineers Limited (GRSE), was presented with the coveted “CHRO of the Year Award”?

(a) Kolkata

(b) Bengaluru

(d) Kochi

(e) Patna

17) India Signs Indo-Pacific Economic Framework (IPEF) Agreements. With its launch in Tokyo on May 23, 2022, how many partner nations is the IPEF made up of?

(a) 11

(b) 12

(d) 14

(e) 15

18) Which nation‘sSYMA Sports and Conference Centre hosted the 2024 Chess Olympiad, where India won its first-ever gold medal in the women’s division, marked a historic triumph for the nation?

(a) China

(b) Hungary

(d) Singapore

(e) Denmark

19) Every year on September, ____________, people commemorate World Rivers Day.

(a) 3^rd Sunday

(b) 4^th Sunday

(d) 4^th Wednesday

(e) 3^rd Friday

20) Which bank tagline was “Good people to grow with”?

(a) Punjab & National bank

(b) Indian Overseas bank

(d) Bank of Maharashtra

(e) Bank of India

Answers :

1) Answer: B

Short Explanation:

India’s financial sectoris primarily controlled by large government-owned and private-sector banks like State Bank of India (SBI), HDFC Bank, and ICICI Bank.
These institutions dominate across areas like lending, insurance, and asset management.

Detailed Explanation:

India’s financial sectoris primarily controlled by large government-owned and private-sector banks like State Bank of India (SBI), HDFC Bank, and ICICI Bank.
These institutions dominate across areas like lending, insurance, and asset management.
Bajaj Group’s Rise:Bajaj Group has emerged as the third-largest financial group in India by market capitalization (mcap), surpassing the SBI Group.
The high profitability of Bajaj Group’s financial arms (Bajaj Finserv, Bajaj Finance, Bajaj Housing Finance) has fueled its rise.
Bajaj Housing Finance IPO:Bajaj Housing Finance, listed, more than doubled its market capitalisation on its IPO day.
Its stock price surged from the IPO price of ₹825 to ₹1,637.4 on the BSE.
This added ₹1.36 trillion to the Bajaj Group’s total market capitalisation.
Market Capitalisation (Mcap):The four listed financial entities of Bajaj Group (Bajaj Holdings, Bajaj Finserv, Bajaj Finance, Bajaj Housing Finance) have a combined mcap of ₹10.36 trillion.

2) Answer: C

Short Explanation:

Public sector lender, Punjab & Sind Bank plans to raise up to ₹3,000 crore through infrastructure bonds as a cost-effective option amid increasing competition for deposits.
Sector Trend:Public sector banks, including Punjab & Sind Bank, are actively raising funds through infrastructure bonds in FY25.
Other banks:State Bank of India (SBI) raised ₹20,000 crore in two tranches through 15-year infra bonds.

Detailed Explanation:

Public sector lender, Punjab & Sind Bank plans to raise up to ₹3,000 crore through infrastructure bonds as a cost-effective option amid increasing competition for deposits.
Sector Trend:Public sector banks, including Punjab & Sind Bank, are actively raising funds through infrastructure bonds in FY25.
Other banks:State Bank of India (SBI) raised ₹20,000 crore in two tranches through 15-year infra bonds.
Canara Bank raised ₹10,000 crorevia 10-year infra bonds at a 7.4% rate.
Bank of India raised ₹5,000 crore through 10-year bonds at 7.54%.
Bond Rating:CRISIL has assigned a “AA/Stable” rating to the proposed infrastructure bonds of Punjab & Sind Bank.
Domestic Bond Yields:Bond yields softened in August and September 2024, with the 10-year Indian government security (G-sec) yield ranging between 6.76% and 6.87%.

3) Answer: B

Short Explanation:

State-owned banks are targeting Jan-Dhan accounts to enhance deposit mobilization amid rising credit growth and the shift of household savings to higher-yielding instruments.
The Reserve Bank of India (RBI) and the Finance Ministry have raised concerns about sluggish deposit growth (11.3%) compared to credit growth (15%) as of August 23, 2024, which may lead to asset-liability management issues for banks.
Canara Bank Initiatives:Canara Bank has made Jan-Dhan accounts a key performance area for its staff, aiming to mobilize ₹14,000 crore by FY25, with current deposits at ₹11,000 crore.

Detailed Explanation:

State-owned banks are targeting Jan-Dhan accounts to enhance deposit mobilization amid rising credit growth and the shift of household savings to higher-yielding instruments.
The Reserve Bank of India (RBI) and the Finance Ministry have raised concerns about sluggish deposit growth (11.3%) compared to credit growth (15%) as of August 23, 2024, which may lead to asset-liability management issues for banks.
This includes targeting low-value segments within Jan-Dhan accounts:

State Bank of India (SBI):SBI is focusing on Jan-Dhan account holders and other lower segments to increase its deposit base.
SBI is employing bank correspondents to facilitate deposits from these accounts.
Canara Bank Initiatives:Canara Bank has made Jan-Dhan accounts a key performance area for its staff, aiming to mobilize ₹14,000 crore by FY25, with current deposits at ₹11,000 crore.
The bank focuses on cross-selling products and services to enhance account holder engagement.
Bank of Maharashtra Approach:The bank is analyzing pin codes to establish customer service points for Jan-Dhan account holders.

4) Answer: C

Short Explanation:

The Asian Development Bank (ADB) advised Pakistan to adopt India’s ULLAS (Understanding of Lifelong Learning for All in Society) scheme to address its dysfunctional education system and provide quality training to its citizens.
Pakistan requested financial support from the ADB to improve its education system and address the issue of educating 26 million out-of-school children.
ULLAS was launched by the Government of India in July 2023 to assist non-literates and adults who missed formal schooling.

Detailed Explanation:

The Asian Development Bank (ADB) advised Pakistan to adopt India’s ULLAS (Understanding of Lifelong Learning for All in Society) scheme to address its dysfunctional education system and provide quality training to its citizens.
Pakistan requested financial support from the ADB to improve its education system and address the issue of educating 26 million out-of-school children.
ULLAS was launched by the Government of India in July 2023 to assist non-literates and adults who missed formal schooling.
The scheme aims to provide foundational literacy and numeracy, along with critical life skills such as financial literacy, digital literacy, healthcare awareness, and family welfare.
Indian Prime Minister Narendra Modi approved ULLAS as a centrally-sponsored scheme for a five-year period to promote the goal of “Education for All.”
Pakistan’s Education System Issues:The Planning Commission’s District Education Performance Index Report 2023 highlighted that Pakistan’s education system is dysfunctional, with 134 districts (except Islamabad) lagging in learning outcomes and public financing.

5) Answer: E

Short Explanation:

Indian Overseas Bank (IOB) won the Rajbhasha Kirti Pratham Puraskarfor the second consecutive year in the Official Language Implementation category for 2023-24.
The award is presented by the Ministry of Home Affairs to recognize efforts in promoting the Hindi language and official language policies.

Detailed Explanation:

Indian Overseas Bank (IOB) won the Rajbhasha Kirti Pratham Puraskarfor the second consecutive year in the Official Language Implementation category for 2023-24.
The award is presented by the Ministry of Home Affairs to recognize efforts in promoting the Hindi language and official language policies.
The award was presented by Union Home Minister Amit Shah to IOB’s Managing Director and CEO, Ajay Kumar Srivastava, in New Delhi.
The recognition highlights IOB’s commitment to enhancing the use of the Hindi language and improving the implementation of official language policies across its operations.
Indian Overseas Bank operates 3,264 branches and has a network of 3,500 ATMs along with 7,251 business correspondents.
The bank also provides services in Singapore, Hong Kong, Thailand, and Sri Lanka.

6) Answer: B

Short Explanation:

The National Pension System Vatsalya (NPS Vatsalya) scheme was launched by Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, as part of the Union Budget 2024-25.
Target Audience: Minors up to the age of 18.
Administration: Regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Launch Date: July 23, 2024.
Minimum Investment: ₹1,000 per month with no upper limit.

Detailed Explanation:

The National Pension System Vatsalya (NPS Vatsalya) scheme was launched by Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, as part of the Union Budget 2024-25.
It is a forward-looking initiative that encourages early financial planning and long-term wealth accumulation for minors, contributing to the government’s goal of fostering intergenerational equity and financial security.
Objective: To instill a culture of disciplined saving and secure long-term financial stability for minors.
Target Audience: Minors up to the age of 18.
Administration: Regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Launch Date: July 23, 2024.
Minimum Investment: ₹1,000 per month with no upper limit.
Account Management: Parents or guardians manage the account until the child reaches 18, at which point it transitions to the child.
Wealth Accumulation: Encourages long-term savings with compounding benefits.

7) Answer: E

Short Explanation:

The Union Labour Ministry is set to integrate the databases of thee-Shram portal and the Employees Provident Fund Organisation (EPFO) to monitor better and understand the trends in workforce formalisation.
The e-Shram database, which includes 300 million unorganised workers, is being integrated with various central and state welfare schemes.
Ten central schemeshave already been integrated.

Detailed Explanation:

The Union Labour Ministry is set to integrate the databases of thee-Shram portal and the Employees Provident Fund Organisation (EPFO) to monitor better and understand the trends in workforce formalisation.
This move is a crucial step in tracking the transition of workers from the unorganised sector to the formal sector and vice versa.
By linking these databases, the government aims to collect real-time data that will assist in the design of more targeted welfare policies.
Track when unorganised workers become formalised by receiving a UAN (Universal Account Number) under EPFO.
Aid in the development of welfare schemes tailored to specific workforce transitions.
The e-Shram database, which includes 300 million unorganised workers, is being integrated with various central and state welfare schemes.
Ten central schemeshave already been integrated.

8) Answer: C

Short Explanation:

During the Quad Cancer Moonshot event, Prime Minister Narendra Modiannounced a $7.5 million support package for sampling kits, detection kits, and vaccines to aid countries in their fight against cervical cancer.
This announcement was made at the Quad Leaders’ Summit in Wilmington, Delaware, hosted by U.S. President Joe Biden.

Detailed Explanation:

During the Quad Cancer Moonshot event, Prime Minister Narendra Modiannounced a $7.5 million support package for sampling kits, detection kits, and vaccines to aid countries in their fight against cervical cancer.
This announcement was made at the Quad Leaders’ Summit in Wilmington, Delaware, hosted by U.S. President Joe Biden.
PM Modi stressed the need for an integrated approach to prevention, screening, diagnosis, and treatment to effectively reduce the cancer burden.
India will cooperate in radiotherapy treatment and capacity building.
Announcement of 40 million vaccine doses for Indo-Pacific countries under GAVI and Quad initiatives.
Modi stated that these vaccines will bring hope to millions, highlighting the human-centric approach of the Quad.
India has developed its own vaccine for cervical cancer and is implementing cost-effective screening programs.
The country operates the world’s largest health insurance scheme and has established centers for affordable medicine access.

9) Answer: B

Short Explanation:

The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated a transformative plan to enhance Mumbai’s road network through a ₹58,000 crore project that aims to construct a series of ring roads.
Construction of over 90 kilometres of new roads, bridges, and tunnels to create a comprehensive network around Mumbai.

Detailed Explanation:

The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated a transformative plan to enhance Mumbai’s road network through a ₹58,000 crore project that aims to construct a series of ring roads.
Construction of over 90 kilometres of new roads, bridges, and tunnels to create a comprehensive network around Mumbai.
The plan aims to provide seamless access to regions including the Gujarat border in the north, Konkan Maharashtra in the south, and Western Maharashtra.
Central to the plan are seven outer and inner ring roads, currently in various stages of tendering and development, aimed at achieving the MMRDA’s vision of “Mumbai in Minutes.”

10) Answer: C

Short Explanation:

The Cabinet, during its meeting, approved a significant centrally sponsored scheme focused on wildlife conservation, as announced by the Environment Ministry.
The scheme aims to benefit 55 tiger reserves, 33 elephant reserves, and 718 protected areas, bolstering forest health against climate change and ensuring water security.

Detailed Explanation:

The Cabinet, during its meeting, approved a significant centrally sponsored scheme focused on wildlife conservation, as announced by the Environment Ministry.
This initiative includes critical components like Project Tiger, Project Elephant, and Development of Wildlife Habitat.
Project Tiger: ₹1,575 crore allocated
Project Elephant: ₹182.58 crore allocated
Development of Wildlife Habitat: ₹845.4 crore allocated
Project Tiger employs the M-STrIPES mobile application for ecological data collection, used extensively during the 2022 All-India Tiger Estimation.
The estimation utilizes camera traps and Artificial Intelligence (AI) for species identification.
Project Dolphinwill use equipment like Remotely Operated Vehicles (ROVs) for dolphin enumeration.
Project Lionwill be strengthened according to the “Lion @ 2047” vision document.
The Project Elephant component will implement information and communication technology to address human-elephant conflicts.
The scheme aims to benefit 55 tiger reserves, 33 elephant reserves, and 718 protected areas, bolstering forest health against climate change and ensuring water security.

11) Answer: B

Short Explanation:

India’s economy is projected to achieve a growth rate of 7.2% in FY25, with potential to surpass this estimate, as reported by a senior official from the Ministry of Statistics and Programme Implementation (MoSPI).
Although the Q1FY25 growth was recorded at 6.7%, it is expected that higher growth rates in the following quarters will compensate for the initial slowdown, possibly leading to upward revisions in Q1 data.

Detailed Explanation:

India’s economy is projected to achieve a growth rate of 7.2% in FY25, with potential to surpass this estimate, as reported by a senior official from the Ministry of Statistics and Programme Implementation (MoSPI).
Although the Q1FY25 growth was recorded at 6.7%, it is expected that higher growth rates in the following quarters will compensate for the initial slowdown, possibly leading to upward revisions in Q1 data.
GST Collections: GST collections have averaged a 10.1% growth between April and August FY25, and are projected to grow by over 11% for the full year, indicating strong consumption activity in the economy.
Index of Industrial Production (IIP): The IIP growth rate has averaged 5.2% during April-July FY25, showing a healthy level of factory output, which is expected to rise further in the upcoming months.
Rural Demand: The revival of rural demand is already underway, supported by easing inflation, which is expected to stimulate household consumption.

12) Answer: A

Short Explanation:

Union Minister for MSME, Shri Jitan Ram Manjhi, inaugurated the CREATE facility in Leh through virtual mode.
The Centre aims to enhance local productivity, improve product quality, boost economic potential, and improve livelihoods for local communities.
Pashmina Wool Roving Facility: To support the local Pashmina wool industry.

Detailed Explanation:

Union Minister for MSME, Shri Jitan Ram Manjhi, inaugurated the CREATE facility in Leh through virtual mode.
The Centre aims to enhance local productivity, improve product quality, boost economic potential, and improve livelihoods for local communities.
Pashmina Wool Roving Facility: To support the local Pashmina wool industry.
Training for Essential Oil Extraction: Development of production facilities for extracting essential oils from roses and other flowers.
Training for Bio-processing: Development of production facilities for bio-processing available fruits and other raw materials.
Impact on Local Communities:The initiatives under CREATE are expected to contribute significantly to the economic development of the region and empower local communities.

13) Answer: C

Short Explanation:

Anura Kumara Dissanayake, leader of the Marxist Janatha Vimukthi Peramuna (JVP) and National People’s Power (NPP), won the Sri Lankan presidential election.
He is Sri Lanka’s 9th president and the first Marxist to hold the position.

Detailed Explanation:

Anura Kumara Dissanayake, leader of the Marxist Janatha Vimukthi Peramuna (JVP) and National People’s Power (NPP), won the Sri Lankan presidential election.
He was declared the winner after an unprecedented second round of counting by the Election Commission.
He is Sri Lanka’s 9th president and the first Marxist to hold the position.
In the first round of counting, Dissanayake secured 5.63 million votes (42.31%).
The election was the first since mass protests ousted former President Gotabaya Rajapaksa in 2022 amid an economic crisis.
No candidate secured over 50% of votes in the first round, leading to a second round of counting, a first in Sri Lankan electoral history.

14) Answer: B

Short Explanation:

The Defence Institute of Physiology and Allied Sciences (DIPAS), a leading laboratory under the Defence Research and Development Organisation (DRDO) handed over critical high-altitude sustenance technologies to the Power Grid Corporation of India Ltd (PGCIL) during an orientation workshop on September 21, 2024, at PGCIL’s regional headquarters in Jammu.
This workshop was organised to prepare employees for high-altitude operations as part of the 5000 MW Pang-Kaithal High Voltage Direct Current (HVDC) Project in Ladakh.
The Pang-Kaithal HVDC Project, located at an altitude of 15,760 feet, is a significant step towards energy security in the region of Ladakh and the wider integration of solar power into India’s national grid.

Detailed Explanation:

The Defence Institute of Physiology and Allied Sciences (DIPAS), a leading laboratory under the Defence Research and Development Organisation (DRDO) handed over critical high-altitude sustenance technologies to the Power Grid Corporation of India Ltd (PGCIL) during an orientation workshop on September 21, 2024, at PGCIL’s regional headquarters in Jammu.
This workshop was organised to prepare employees for high-altitude operations as part of the 5000 MW Pang-Kaithal High Voltage Direct Current (HVDC) Project in Ladakh.
The Pang-Kaithal HVDC Project, located at an altitude of 15,760 feet, is a significant step towards energy security in the region of Ladakh and the wider integration of solar power into India’s national grid.
The technologies transferred by DIPAS will support PGCIL in the high-altitude sustenance of its workforce during the project.
Earlier, DRDO signed a MoU with PGCIL to provide technical knowledge on high-altitude induction and sustenance.
DIPAS, known for its pioneering work in high-altitude research, has previously formulated acclimatisation protocols for the Indian Army in the Himalayan region.

15) Answer: C

Short Explanation:

Newly discovered asteroid named 2024 PT5 will temporarily be captured by Earth’s gravity and orbit the planet from September 29 to November 25, 2024.
Origin of Asteroid 2024 PT5:The asteroid originated from the Arjuna asteroid belt, which consists of small asteroids with orbits similar to Earth’s orbit around the sun.
Discovery & Observations:Astronomers first spotted the asteroid on August 7, 2024 using the NASA-funded ATLAS observatory in South Africa.

Detailed Explanation:

Newly discovered asteroid named 2024 PT5 will temporarily be captured by Earth’s gravity and orbit the planet from September 29 to November 25, 2024.
Origin of Asteroid 2024 PT5:The asteroid originated from the Arjuna asteroid belt, which consists of small asteroids with orbits similar to Earth’s orbit around the sun.
Discovery & Observations:Astronomers first spotted the asteroid on August 7, 2024 using the NASA-funded ATLAS observatory in South Africa.
The asteroid is estimated to be about 37 feet (11 metres) in diameter, but its size could range from 16 to 138 feet (5 to 42 metres).
Mini-Moon Characteristics:Mini-moons are space objects temporarily captured by a planet’s gravity, unlike permanent moons.
Asteroid 2024 PT5 will orbit about 2.6 million miles (4.2 million kilometers) away from Earth, about 10 times the distance between Earth and the Moon.
Long-capture mini-moon events are rare, occurring every 10 to 20 years.

16) Answer: B

Short Explanation:

Garden Reach Shipbuilders & Engineers Limited’s(GRSE) Director (Personnel), DIG Subrato Ghosh (ICG Retd.), received the prestigious ‘CHRO of the Year Award’ at the 23rd Edition of the Asia Pacific HRMC Awards 2024, held at Taj MG Road, Bengaluru

Detailed Explanation:

Garden Reach Shipbuilders & Engineers Limited’s(GRSE) Director (Personnel), DIG Subrato Ghosh (ICG Retd.), received the prestigious ‘CHRO of the Year Award’ at the 23rd Edition of the Asia Pacific HRMC Awards 2024, held at Taj MG Road, Bengaluru

Recognition: Celebrated for outstanding leadership and exceptional people management skills.
Visionary HR Strategies: Acknowledged for fostering a culture of innovation and excellence at GRSE.
Impact: The HRMC awards honour industry leaders who contribute to organizational growth and progress.

17) Answer: D

Short Explanation:

During Prime Minister Narendra Modi’s three-day visit to the U.S. for the Quad Summit, India signed two significant agreements under the Indo-Pacific Economic Framework (IPEF), focusing on clean energy, anti-corruption, and trade transparency.
India is now a signatory to three out of the four IPEF pillars.
Launched in Tokyo on 23 May 2022, comprising 14 partner countries.

Detailed Explanation:

During Prime Minister Narendra Modi’s three-day visit to the U.S. for the Quad Summit, India signed two significant agreements under the Indo-Pacific Economic Framework (IPEF), focusing on clean energy, anti-corruption, and trade transparency.
These agreements aim to foster a “clean” and “fair economy,” enhancing India’s sustainability efforts and collaboration with IPEF member countries, including the S., Australia, Brunei Darussalam, Fiji, Indonesia, Japan, and Korea.
India is now a signatory to three out of the four IPEF pillars.
Launched in Tokyo on 23 May 2022, comprising 14 partner countries.
Structured around four pillars: trade, supply-chain resilience, clean economy, and fair economy.
The IPEF Catalytic Capital Fund aims to attract $3.3 billion in private investments, initially backed by $33 million from member countries.
The Partnership for Global Infrastructure (PGI) Investment Accelerator has secured $300 million to support energy transition and climate investments.
At the first Investor Forum in Singapore, $23 billion in priority infrastructure projects were identified, with $4 billion allocated for Indian renewable energy firms.
A memorandum of understanding was signed between Indian, Singaporean, and Japanese companies for a green ammonia plant in Thoothukudi, Tamil Nadu.
Sembcorpwill invest ₹36,238 crore in this project, marking a significant milestone in India’s green energy ambitions.

18) Answer: B

Short Explanation:

India achieved ahistoric victory by securing its first-ever gold medal in the women’s section of the 2024 Chess Olympiad, held at the SYMA Sports and Conference Centre in Budapest, Hungary.

Detailed Explanation:

India achieved ahistoric victory by securing its first-ever gold medal in the women’s section of the 2024 Chess Olympiad, held at the SYMA Sports and Conference Centre in Budapest, Hungary.
Final Round Victory: In the decisive final round, Divya Deshmukh, Vantika Agrawal, and Harika Dronavalli won their matches, while Vaishali contributed with a draw.
Support from the USA: India’s triumph was bolstered by the USA’s 2-2 draw against title-chasing Kazakhstan, preventing them from overtaking India.
Medal Standings: Kazakhstan finished with the silver medal, and the USA took home the bronze.
The only setback came in a loss to Poland, where India fell 1.5-2.5. This was followed by a draw against the USA in the ninth round.
The team was led by Abhijit Kunte, whose guidance was instrumental in their success.
The Indian men’s team also celebrated a first-ever gold medal at the 45th Olympiad, marking a double success for Indian chess.

19) Answer: B

Short Explanation:

World Rivers Day is celebrated on the fourth Sunday of Septemberof every year.
This year World Rivers Day falls on the 22nd of September.
The theme for World Rivers Day 2024 is ‘Waterways of Life,’ emphasising the essential role rivers play in ecosystems, wildlife, agriculture, and communities.

Detailed Explanation:

World Rivers Day is celebrated on the fourth Sunday of Septemberof every year.
This year World Rivers Day falls on the 22nd of September.
The theme for World Rivers Day 2024 is ‘Waterways of Life,’ emphasising the essential role rivers play in ecosystems, wildlife, agriculture, and communities.
Inauguration:Recognized by the United Nations in 2005 as part of the Water for Life Decade.
The first World Rivers Day was celebrated in 2005, marking a significant global event.

20) Answer: B

About IOB :

Established : 10 February 1937
Headquarters : Chennai, Tamil Nadu, India
MD & CEO : Ajay Kumar Srivastava
Tagline : Good people to grow with

This post was last modified on September 26, 2024 2:02 pm

13 hours ago

Daily Current Affairs Quiz – 24th Sep 2024

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